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Novavax call volume above normal and directionally bullish

Bullish option flow detected in Novavax with 22,584 calls trading, 3x expected, and implied vol increasing over 18 points to 101.47%. 12/8 weekly 13 calls and Dec-23 6 calls are the most active options, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 0.08. Earnings are expected on February 27th.

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